Wednesday, November 7, 2012

GOLD‏ (Spot) intraday: towards 1734


Pivot: 1716.00
Our preference: LONG positions above 1716 with 1734 & 1742 as next targets.
Alternative scenario: The downside penetration fo 1716 will call for a slide towards 1705 & 1694.
Comment: the RSI is mixed with a bullish bias.


USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...